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Loans and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2017
Loans and Allowance for Loan Losses [Abstract]  
Recorded investment in loans by loan class
The following tables present the recorded investment in loans by loan class:
 
  
December 31, 2017
 
(dollars in thousands)
 
New York and
other states*
  
Florida
  
Total
 
Commercial:
         
Commercial real estate
 
$
149,368
   
12,524
   
161,892
 
Other
  
23,606
   
709
   
24,315
 
Real estate mortgage - 1 to 4 family:
            
First mortgages
  
2,286,148
   
765,929
   
3,052,077
 
Home equity loans
  
66,455
   
13,989
   
80,444
 
Home equity lines of credit
  
263,275
   
45,641
   
308,916
 
Installment
  
7,141
   
1,622
   
8,763
 
Total loans, net
 
$
2,795,993
   
840,414
   
3,636,407
 
Less: Allowance for loan losses
          
44,170
 
Net loans
         
$
3,592,237
 
 
  
December 31, 2016
 
(dollars in thousands)
 
New York and
other states*
  
Florida
  
Total
 
Commercial:
         
Commercial real estate
 
$
151,366
   
12,243
   
163,609
 
Other
  
27,539
   
46
   
27,585
 
Real estate mortgage - 1 to 4 family:
            
First mortgages
  
2,158,904
   
665,183
   
2,824,087
 
Home equity loans
  
60,892
   
10,754
   
71,646
 
Home equity lines of credit
  
286,586
   
48,255
   
334,841
 
Installment
  
7,048
   
1,770
   
8,818
 
Total loans, net
 
$
2,692,335
   
738,251
   
3,430,586
 
Less: Allowance for loan losses
          
43,890
 
Net loans
         
$
3,386,696
 
 
* Includes New York, New Jersey, Vermont, and Massachusetts.
Recorded investment in non-accrual loans by loan class
The following tables present the recorded investment in non-accrual loans by loan class:

  
December 31, 2017
 
(dollars in thousands)
 
New York and
other states
  
Florida
  
Total
 
Loans in non-accrual status:
         
Commercial:
         
Commercial real estate
 
$
1,443
   
-
   
1,443
 
Other
  
100
   
-
   
100
 
Real estate mortgage - 1 to 4 family:
            
First mortgages
  
16,654
   
2,259
   
18,913
 
Home equity loans
  
93
   
-
   
93
 
Home equity lines of credit
  
3,603
   
130
   
3,733
 
Installment
  
57
   
-
   
57
 
Total non-accrual loans
  
21,950
   
2,389
   
24,339
 
Restructured real estate mortgages - 1 to 4 family
  
38
   
-
   
38
 
Total nonperforming loans
 
$
21,988
   
2,389
   
24,377
 


  
December 31, 2016
 
(dollars in thousands)
 
New York and
other states
  
Florida
  
Total
 
Loans in non-accrual status:
         
Commercial:
         
Commercial real estate
 
$
1,843
   
-
   
1,843
 
Other
  
-
   
-
   
-
 
Real estate mortgage - 1 to 4 family:
            
First mortgages
  
17,727
   
1,659
   
19,386
 
Home equity loans
  
95
   
-
   
95
 
Home equity lines of credit
  
3,376
   
270
   
3,646
 
Installment
  
48
   
-
   
48
 
Total non-accrual loans
  
23,089
   
1,929
   
25,018
 
Restructured real estate mortgages - 1 to 4 family
  
42
   
-
   
42
 
Total nonperforming loans
 
$
23,131
   
1,929
   
25,060
 
Aging of the recorded investment in past due loans by loan class and by region
The following tables present the aging of the recorded investment in past due loans by loan class and by region as of December 31, 2017 and 2016:

New York and other states:
 
  
December 31, 2017
 
(dollars in thousands)  
   
30-59
Days
Past Due
      
60-89
Days
Past Due
      
90+
Days
Past Due
 
  		   
Total
30+ days
Past Due
      
Current
       
Total
Loans
   
                      
Commercial:
                     
Commercial real estate
 
$
183
   
174
   
1,332
   
1,689
   
147,679
   
149,368
 
Other
  
-
   
-
   
100
   
100
   
23,506
   
23,606
 
Real estate mortgage - 1 to 4 family:
                        
First mortgages
  
5,669
   
1,300
   
9,014
   
15,983
   
2,270,165
   
2,286,148
 
Home equity loans
  
6
   
-
   
45
   
51
   
66,404
   
66,455
 
Home equity lines of credit
  
489
   
18
   
2,139
   
2,646
   
260,629
   
263,275
 
Installment
  
46
   
17
   
25
   
88
   
7,053
   
7,141
 
                         
Total
 
$
6,393
   
1,509
   
12,655
   
20,557
   
2,775,436
   
2,795,993
 
 
Florida:
 
(dollars in thousands)  
   
30-59
Days
Past Due
      
60-89
Days
Past Due
      
90+
Days
Past Due
     
Total
30+ days
Past Due
        
Current
       
Total
Loans
   
                      
Commercial:
                     
Commercial real estate
 
$
-
   
-
   
-
   
-
   
12,524
   
12,524
 
Other
  
-
   
-
   
-
   
-
   
709
   
709
 
Real estate mortgage - 1 to 4 family:
                        
First mortgages
  
277
   
-
   
1,404
   
1,681
   
764,248
   
765,929
 
Home equity loans
  
-
   
-
   
-
   
-
   
13,989
   
13,989
 
Home equity lines of credit
  
-
   
-
   
-
   
-
   
45,641
   
45,641
 
Installment
  
3
   
5
   
26
   
34
   
1,588
   
1,622
 
                         
Total
 
$
280
   
5
   
1,430
   
1,715
   
838,699
   
840,414
 
 
Total:
 
(dollars in thousands)
 
30-59
Days
Past Due
  
60-89
Days
Past Due
  
90 +
Days
Past Due
  
Total
30+ days
Past Due
  
Current
  
Total
Loans
 
                   
Commercial:
                  
Commercial real estate
 
$
183
   
174
   
1,332
   
1,689
   
160,203
   
161,892
 
Other
  
-
   
-
   
100
   
100
   
24,215
   
24,315
 
Real estate mortgage - 1 to 4 family:
                        
First mortgages
  
5,946
   
1,300
   
10,418
   
17,664
   
3,034,413
   
3,052,077
 
Home equity loans
  
6
   
-
   
45
   
51
   
80,393
   
80,444
 
Home equity lines of credit
  
489
   
18
   
2,139
   
2,646
   
306,270
   
308,916
 
Installment
  
49
   
22
   
51
   
122
   
8,641
   
8,763
 
                         
Total
 
$
6,673
   
1,514
   
14,085
   
22,272
   
3,614,135
   
3,636,407
 
 
New York and other states:
 
   
December 31, 2016
 
(dollars in thousands)
    		 
30-59
Days
Past Due
  
60-89
Days
Past Due
  
90 +
Days
Past Due
  
Total
30+ days
Past Due
  
Current
  
Total
Loans
 
                   
Commercial:
                  
Commercial real estate
 
$
50
   
43
   
1,706
   
1,799
   
149,567
   
151,366
 
Other
  
-
   
-
   
-
   
-
   
27,539
   
27,539
 
Real estate mortgage - 1 to 4 family:
                        
First mortgages
  
6,379
   
2,924
   
9,643
   
18,946
   
2,139,958
   
2,158,904
 
Home equity loans
  
50
   
3
   
74
   
127
   
60,765
   
60,892
 
Home equity lines of credit
  
685
   
111
   
1,839
   
2,635
   
283,951
   
286,586
 
Installment
  
34
   
32
   
15
   
81
   
6,967
   
7,048
 
                         
Total
 
$
7,198
   
3,113
   
13,277
   
23,588
   
2,668,747
   
2,692,335
 
Florida:
 
(dollars in thousands)
 
30-59
Days
Past Due
  
60-89
Days
Past Due
  
90 +
Days
Past Due
  
Total
30+ days
Past Due
  
Current
  
Total
Loans
 
                   
Commercial:
                  
Commercial real estate
 
$
-
   
-
   
-
   
-
   
12,243
   
12,243
 
Other
  
-
   
-
   
-
   
-
   
46
   
46
 
Real estate mortgage - 1 to 4 family:
                        
First mortgages
  
1,942
   
69
   
1,255
   
3,266
   
661,917
   
665,183
 
Home equity loans
  
19
   
-
   
-
   
19
   
10,735
   
10,754
 
Home equity lines of credit
  
-
   
-
   
156
   
156
   
48,099
   
48,255
 
Installment
  
30
   
6
   
-
   
36
   
1,734
   
1,770
 
                         
Total
 
$
1,991
   
75
   
1,411
   
3,477
   
734,774
   
738,251
 
 
Total:
 
(dollars in thousands)
 
30-59
Days
Past Due
  
60-89
Days
Past Due
  
90 +
Days
Past Due
  
Total
30+ days
Past Due
  
Current
  
Total
Loans
 
                   
Commercial:
                  
Commercial real estate
 
$
50
   
43
   
1,706
   
1,799
   
161,810
   
163,609
 
Other
  
-
   
-
   
-
   
-
   
27,585
   
27,585
 
Real estate mortgage - 1 to 4 family:
                        
First mortgages
  
8,321
   
2,993
   
10,898
   
22,212
   
2,801,875
   
2,824,087
 
Home equity loans
  
69
   
3
   
74
   
146
   
71,500
   
71,646
 
Home equity lines of credit
  
685
   
111
   
1,995
   
2,791
   
332,050
   
334,841
 
Installment
  
64
   
38
   
15
   
117
   
8,701
   
8,818
 
                         
Total
 
$
9,189
   
3,188
   
14,688
   
27,065
   
3,403,521
   
3,430,586
 
Activity in the allowance for loan losses by portfolio segment
Activity in the allowance for loan losses by portfolio segment is summarized as follows:
 
(dollars in thousands)
 
For the year ended December 31, 2017
 
    
Commercial
  
Real Estate
Mortgage-
1 to 4 Family
  
Installment
  
Total
 
Balance at beginning of period
 
$
4,929
   
38,231
   
730
   
43,890
 
Loans charged off:
                
New York and other states*
  
72
   
2,053
   
200
   
2,325
 
Florida
  
-
   
167
   
19
   
186
 
Total loan chargeoffs
  
72
   
2,220
   
219
   
2,511
 
                 
Recoveries of loans previously charged off:
                
New York and other states*
  
96
   
596
   
26
   
718
 
Florida
  
-
   
73
   
-
   
73
 
Total recoveries
  
96
   
669
   
26
   
791
 
Net loans charged off
  
(24
)
  
1,551
   
193
   
1,720
 
Provision for loan losses
  
(629
)
  
2,397
   
232
   
2,000
 
Balance at end of period
 
$
4,324
   
39,077
   
769
   
44,170
 
 
(dollars in thousands)
 
For the year ended December 31, 2016
 
   
Commercial
  
Real Estate
Mortgage-
1 to 4 Family
  
Installment
  
Total
 
Balance at beginning of period
 
$
4,491
   
39,753
   
518
   
44,762
 
Loans charged off:
                
New York and other states*
  
795
   
3,447
   
303
   
4,545
 
Florida
  
-
   
126
   
39
   
165
 
Total loan chargeoffs
  
795
   
3,573
   
342
   
4,710
 
                 
Recoveries of loans previously charged off:
                
New York and other states*
  
207
   
613
   
64
   
884
 
Florida
  
-
   
4
   
-
   
4
 
Total recoveries
  
207
   
617
   
64
   
888
 
Net loans charged off
  
588
   
2,956
   
278
   
3,822
 
Provision for loan losses
  
1,026
   
1,434
   
490
   
2,950
 
Balance at end of period
 
$
4,929
   
38,231
   
730
   
43,890
 
 
(dollars in thousands)
 
For the year ended December 31, 2015
 
    
Commercial
  
Real Estate
Mortgage-
1 to 4 Family
  
Installment
  
Total
 
Balance at beginning of period
 
$
4,071
   
42,088
   
168
   
46,327
 
Loans charged off:
                
New York and other states*
  
779
   
4,631
   
168
   
5,578
 
Florida
  
-
   
320
   
17
   
337
 
Total loan chargeoffs
  
779
   
4,951
   
185
   
5,915
 
                 
Recoveries of loans previously charged off:
                
New York and other states*
  
20
   
572
   
46
   
638
 
Florida
  
7
   
5
   
-
   
12
 
Total recoveries
  
27
   
577
   
46
   
650
 
Net loans charged off
  
752
   
4,374
   
139
   
5,265
 
Provision for loan losses
  
1,172
   
2,039
   
489
   
3,700
 
Balance at end of period
 
$
4,491
   
39,753
   
518
   
44,762
 
Allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2017 and 2016:
 
 
December 31, 2017
 
(dollars in thousands)
  		 
Commercial Loans
  
1-to-4 Family
Residential Real Estate
  
Installment Loans
  
Total
 
Allowance for loan losses:
            
Ending allowance balance attributable to loans:
            
Individually evaluated for impairment
 
$
-
   
-
   
-
   
-
 
Collectively evaluated for impairment
  
4,324
   
39,077
   
769
   
44,170
 
                 
Total ending allowance balance
 
$
4,324
   
39,077
   
769
   
44,170
 
                 
Loans:
                
Individually evaluated for impairment
 
$
2,248
   
22,032
   
-
   
24,280
 
Collectively evaluated for impairment
  
183,959
   
3,419,405
   
8,763
   
3,612,127
 
                 
Total ending loans balance
 
$
186,207
   
3,441,437
   
8,763
   
3,636,407
 
 
   
December 31, 2016
 
(dollars in thousands)
  		 
Commercial Loans
  
1-to-4 Family
Residential Real Estate
  
Installment Loans
  
Total
 
Allowance for loan losses:
                
Ending allowance balance attributable to loans:
                
Individually evaluated for impairment
 
$
-
   
-
   
-
   
-
 
Collectively evaluated for impairment
  
4,929
   
38,231
   
730
   
43,890
 
                 
Total ending allowance balance
 
$
4,929
   
38,231
   
730
   
43,890
 
                 
Loans:
                
Individually evaluated for impairment
 
$
2,418
   
21,607
   
-
   
24,025
 
Collectively evaluated for impairment
  
188,776
   
3,208,967
   
8,818
   
3,406,561
 
                 
Total ending loans balance
 
$
191,194
   
3,230,574
   
8,818
   
3,430,586
 
Impaired loans by loan class
The following tables present impaired loans by loan class as of December 31, 2017 and 2016:
 
New York and other states:
 
  
December 31, 2017
 
(dollars in thousands)
 
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
  
YTD Avg
Recorded
Investment
 
             
Commercial:
            
Commercial real estate
 
$
2,148
   
3,120
   
-
   
2,711
 
Other
  
100
   
100
   
-
   
87
 
Real estate mortgage - 1 to 4 family:
                
First mortgages
  
15,850
   
16,540
   
-
   
16,508
 
Home equity loans
  
270
   
291
   
-
   
263
 
Home equity lines of credit
  
2,606
   
2,847
   
-
   
2,193
 
                 
Total
 
$
20,974
   
22,898
   
-
   
21,762
 
 
Florida:
                
             
(dollars in thousands)
 
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
  
YTD Avg
Recorded
Investment
 
                 
Commercial:
                
Commercial real estate
 
$
-
   
-
   
-
   
-
 
Other
  
-
   
-
   
-
   
-
 
Real estate mortgage - 1 to 4 family:
                
First mortgages
  
2,707
   
2,813
   
-
   
2,335
 
Home equity loans
  
89
   
89
   
-
   
92
 
Home equity lines of credit
  
510
   
510
   
-
   
561
 
                 
Total
 
$
3,306
   
3,412
   
-
   
2,988
 
 
Total:
                
             
(dollars in thousands)
 
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
  
YTD Avg
Recorded
Investment
 
                 
Commercial:
                
Commercial real estate
 
$
2,148
   
3,120
   
-
   
2,711
 
Other
  
100
   
100
   
-
   
87
 
Real estate mortgage - 1 to 4 family:
                
First mortgages
  
18,557
   
19,353
   
-
   
18,843
 
Home equity loans
  
359
   
380
   
-
   
355
 
Home equity lines of credit
  
3,116
   
3,357
   
-
   
2,754
 
                 
Total
 
$
24,280
   
26,310
   
-
   
24,750
 
 
New York and other states:
            
  
December 31, 2016
 
(dollars in thousands)
 
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
  
YTD Avg
Recorded
Investment
 
             
Commercial:
            
Commercial real estate
 
$
2,418
   
3,470
   
-
   
2,214
 
Other
  
-
   
-
   
-
   
-
 
Real estate mortgage - 1 to 4 family:
                
First mortgages
  
16,675
   
17,439
   
-
   
15,665
 
Home equity loans
  
269
   
305
   
-
   
251
 
Home equity lines of credit
  
1,999
   
2,160
   
-
   
1,806
 
                 
Total
 
$
21,361
   
23,374
   
-
   
19,936
 
 
Florida:
            
             
(dollars in thousands)
 
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
  
YTD Avg
Recorded
Investment
 
             
Commercial:
            
Commercial real estate
 
$
-
   
-
   
-
   
-
 
Other
  
-
   
-
   
-
   
-
 
Real estate mortgage - 1 to 4 family:
                
First mortgages
  
2,009
   
2,100
   
-
   
1,800
 
Home equity loans
  
94
   
94
   
-
   
81
 
Home equity lines of credit
  
561
   
633
   
-
   
591
 
                 
Total
 
$
2,664
   
2,827
   
-
   
2,472
 
 
Total:
            
             
(dollars in thousands)
 
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
  
YTD Avg
Recorded
Investment
 
             
Commercial:
            
Commercial real estate
 
$
2,418
   
3,470
   
-
   
2,214
 
Other
  
-
   
-
   
-
   
-
 
Real estate mortgage - 1 to 4 family:
                
First mortgages
  
18,684
   
19,539
   
-
   
17,465
 
Home equity loans
  
363
   
399
   
-
   
332
 
Home equity lines of credit
  
2,560
   
2,793
   
-
   
2,397
 
                 
Total
 
$
24,025
   
26,201
   
-
   
22,408
 
Modified loans by class that were determined to be TDR's
The following table presents modified loans by class that were determined to be TDR's that occurred:

   
Year ended 12/31/2017
  
Year ended 12/31/2016
  
Year ended 12/31/2015
 
New York and other states*:
    
Pre-
Modification
  
Post-
Modification
     
Pre-
Modification
  Post-Modification     
Pre-
Modification
  
Post-
Modification
 
(dollars in thousands) 
Number of
Contracts
  
Outstanding
Recorded
Investment
  
Outstanding
Recorded
Investment
  
Number of
Contracts
  
Outstanding
Recorded
Investment
  
Outstanding
Recorded
Investment
  
Number of
Contracts
  
Outstanding
Recorded
Investment
  
Outstanding
Recorded
Investment
 
                            
Commercial:
                           
Commercial real estate
  
4
  
$
426
   
426
   
2
  
$
401
   
401
   
-
  
$
-
   
-
 
Real estate mortgage - 1 to 4 family:
                                    
First mortgages
  
44
   
5,653
   
5,653
   
30
   
2,871
   
2,871
   
35
   
4,797
   
4,797
 
Home equity loans
  
3
   
56
   
56
   
1
   
44
   
44
   
1
   
137
   
137
 
Home equity lines of credit
  
18
   
868
   
868
   
10
   
402
   
402
   
7
   
506
   
506
 
                                     
Total
  
69
  
$
7,003
   
7,003
   
43
  
$
3,718
   
3,718
   
43
  
$
5,440
   
5,440
 
 
Florida:
    
Pre-
Modification
  
Post-Modification
     
Pre-
Modification
  
Post-
Modification
     
Pre-
Modification
  
Post-
Modification
 
(dollars in thousands)
 
Number of
Contracts
  
Outstanding
Recorded
Investment
  
Outstanding
Recorded
Investment
  
Number of
Contracts
  
Outstanding
Recorded
Investment
  
Outstanding
Recorded
Investment
  
Number of
Contracts
  
Outstanding
Recorded
Investment
  
Outstanding
Recorded
Investment
 
                            
Real estate mortgage - 1 to 4 family:
                           
First mortgages
  
10
   
1,076
   
1,076
   
4
   
504
   
504
   
6
   
780
   
780
 
Home equity loans
  
-
   
-
   
-
   
1
   
45
   
45
   
-
   
-
   
-
 
Home equity lines of credit
  
2
   
95
   
95
   
1
   
6
   
6
   
4
   
107
   
107
 
                                     
Total
  
12
  
$
1,171
   
1,171
   
6
  
$
555
   
555
   
10
  
$
887
   
887
 
Loans by class modified as TDR's for which there was a payment default
The following table presents loans by class modified as TDR’s that occurred during the years ended December 31, 2017, 2016 and 2015 for which there was a payment default within 12 months of modification:

   
Year ended 12/31/2017
  
Year ended 12/31/2016
  
Year ended 12/31/2015
 
New York and other states*:
 
Number of
Contracts
  
Recorded
Investment
  
Number of
Contracts
  
Recorded
Investment
  
Number of
Contracts
  
Recorded
Investment
 
(dollars in thousands)
                   
Real estate mortgage - 1 to 4 family:
                  
First mortgages
  
1
   
72
   
3
   
291
   
2
   
148
 
Home equity lines of credit
  
1
   
3
   
1
   
141
   
2
   
24
 
                         
Total
  
2
  
$
75
   
4
  
$
432
   
4
  
$
172
 
 
Florida:
                  
  
Number of
Contracts
  
Recorded
Investment
  
Number of
Contracts
  
Recorded
Investment
  
Number of
Contracts
  
Recorded
Investment
 
(dollars in thousands)
                   
Real estate mortgage - 1 to 4 family:
                  
First mortgages
  
-
  
$
-
   
-
  
$
-
   
-
  
$
-
 
Home equity lines of credit
  
-
   
-
   
-
   
-
   
-
   
-
 
                         
Total
  
-
  
$
-
   
-
  
$
-
   
-
  
$
-
 
Risk category of loans by class of loans
As of December 31, 2017 and 2016, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
 
  
December 31, 2017
 
New York and other states:
         
          
(dollars in thousands)
         
  
Pass
  
Classified
  
Total
 
Commercial:
         
Commercial real estate
 
$
140,806
   
8,562
   
149,368
 
Other
  
21,936
   
1,670
   
23,606
 
             
  
$
162,742
   
10,232
   
172,974
 
 
Florida:
         
          
(dollars in thousands)
         
  
Pass
  
Classified
  
Total
 
Commercial:
         
Commercial real estate
 
$
12,406
   
118
   
12,524
 
Other
  
709
   
-
   
709
 
             
  
$
13,115
   
118
   
13,233
 
 
Total:
         
          
(dollars in thousands)
         
  
Pass
  
Classified
  
Total
 
Commercial:
         
Commercial real estate
 
$
153,212
   
8,680
   
161,892
 
Other
  
22,645
   
1,670
   
24,315
 
             
  
$
175,857
   
10,350
   
186,207
 
 
  
December 31, 2016
 
New York and other states:
         
          
(dollars in thousands)
         
  
Pass
  
Classified
  
Total
 
Commercial:
         
Commercial real estate
 
$
136,676
   
14,690
   
151,366
 
Other
  
25,442
   
2,097
   
27,539
 
 
            
  
$
162,118
   
16,787
   
178,905
 
 
Florida:
         
          
(dollars in thousands)
         
  
Pass
  
Classified
  
Total
 
Commercial:
         
Commercial real estate
 
$
12,243
   
-
   
12,243
 
Other
  
46
   
-
   
46
 
             
  
$
12,289
   
-
   
12,289
 
 
Total:
         
          
(dollars in thousands)
         
  
Pass
  
Classified
  
Total
 
Commercial:
         
Commercial real estate
 
$
148,919
   
14,690
   
163,609
 
Other
  
25,488
   
2,097
   
27,585
 
             
  
$
174,407
   
16,787
   
191,194